There’s a new Rutgers University report that claims that suburban population growth is outpacing urban population growth, If that’s true, what does that mean for real estate? Cindy, Bloomfield, NJ A: According to the Rutgers Regional Report, “The Burbs Bounce Back,” after years of mostly urban growth, Census estimates for 2017 show that suburban population growth has surpassed that of urban areas. This is driven by many different factors including rising home prices and rents in urban areas and the fact that Millenials are starting new families and want more space. It’s important to put this report into perspective and look beyond the headline and general narrative as these kinds of reports often overgeneralize. For example, suburban areas that offer […]
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